FUNDAMENTALS

* Malaysian palm oil futures closed higher on Thursday, reversing losses in the morning session

as anticipation over strong export data in the first half of May underpinned the contract.

* U.S. wheat futures surged 7 percent on Thursday as a softer dollar inspired funds to cover

short positions, analysts said.

* Oil futures pulled back on Thursday as ample global supply weighed on prices while Brent's

front-month June contract headed to expiration.

MARKET NEWS

* Increasing expectations the U.S. Federal Reserve will hold off raising interest rates until

September at the earliest helped push the S&P 500 to a record high close on Thursday and drove

the dollar to near its lowest level since January.

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> Indian monsoon rains may hit Kerala coast around May 30 -weather office [ID;nD8N0WS01G]

> India's April vegoil imports up 4.7 pct m/m - trade

> GrainCorp targets international expansion as El Nino looms

DATA/EVENTS

> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release data

on Malaysia's May 1-15 palm oil exports on May 15.

Palm, soy and crude oil prices at 0015 GMT

Contract Month Last Change Low High Volume

MY PALM OIL MAY5 0 +0.00 0 0 0

MY PALM OIL JUN5 0 +0.00 0 0 0

MY PALM OIL JUL5 0 +0.00 0 0 0

CHINA PALM OLEIN SEP5 5110 +16.00 5102 5164 442350

CHINA SOYOIL SEP5 5866 +4.00 5856 5918 493058

CBOT SOY OIL JUL5 33.38 +2.30 33.35 33.40 205

INDIA PALM OIL MAY5 453.80 +2.30 448.50 454.40 1845

INDIA SOYOIL JUN5 604.05 +1.25 601.20 607.60 45975

NYMEX CRUDE JUN5 59.77 -0.11 59.66 59.81 756

Palm oil prices in Malaysian ringgit per tonne

CBOT soy oil in U.S. cents per pound

Dalian soy oil and RBD palm olein in Chinese yuan per tonne

India soy oil in Indian rupee per 10 kg

Crude in U.S. dollars per barrel